Maryi is 26 years old and the mother of two children who are 7 years and 1 year old. She is happily married and has, up to now, dedicated herself to caring for her family and looking after her house. However, a few months ago she decided to start earning money as the birth of her second child meant that their expenses increased. She decided to start selling clothing from home so that she could both work and look after her children at the same time.
Maryi says that her business is profitable and, up to now, she hasn't faced any problems. She is requesting a loan to invest in buying merchandise with the aim of expanding her business and filling her customers' orders.
Maryi dreams of providing for her children and guaranteeing them a good education.
Maryi, tiene 26 años de edad y es madre de dos hijos de 7 y 1 año. Se encuentra felizmente casada. Se ha dedicado a cuidar de su familia y realizar las labores hogareñas, pero desde hace algunos meses optó por generar ingresos debido a que el nacimiento de su segundo hijo implicó aumento en los gastos; por lo cual decidió dedicarse a la venta de ropa desde su casa con el fin de estar al pendiente de sus hijos.
Maryi asegura que es un negocio rentable, y hasta el momento no ha debido afrontar ningún inconveniente. Con le fin de ampliar su negocio y satisfacer los pedidos de sus clientes, se encuentra solicitando un crédito que invertirá en la compra de mercancía.
Sueña con sacar a sus hijos adelante y garantizarles una educación de calidad.
This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.